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Mar 28, 2020
Sleep Number Q1 2020 Earnings Report
Sleep Number announced first quarter 2020 results with record EPS growth and strong sales increase.
Key Takeaways
Sleep Number reported an 11% increase in net sales to $473 million and a 70% growth in diluted EPS to a record $1.36 in the first quarter of 2020. The company is managing challenges caused by the COVID-19 pandemic by executing more than $250 million of cost and capital deployment actions to support business continuity.
Net sales increased 11% to $473 million, including a 7% comparable sales gain.
Diluted EPS grew 70% to a record $1.36.
Gross profit rate increased 240 basis points to 63.9% of net sales.
Operating income increased 61% to $53 million, or 11.2% of net sales.
Revenue by Segment
Forward Guidance
The company withdrew its fiscal 2020 financial guidance due to the COVID-19 pandemic and is not providing any further financial guidance at this time. The company remains focused on managing liquidity and balance sheet strength, and expects to meet its liquidity needs from operating cash flow and its existing credit facilities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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